68224
Malaysia IPI Strong
Malaysia IPI Strong

Malaysia IPI Strong

Malaysia IPI Strong

Malaysia’s manufacturing sector, especially the electrical and electronic sector, underpinned the May industrial production index’s strong growth of 4.6% from a year ago, CNA reported. According to the Statistics Department on Wednesday, the IPI exceeded a survey of a 4.1% growth. The manufacturing index  expanded 7.3%–after expanding 6.7% in April–while the electricity index rose 2.5%. However, the mining index declined by 2.3%. The major sub-sectors which expanded in May were: electrical and electronics products (11.6%); food, beverages and tobacco (12.9%); and petroleum, chemical, rubber and plastic products (3.1%). The electricity sector output increased by 2.5% in May after a decrease of 1.5% recorded in April.

 

 

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